
Insurance Premiums and Contracts
Quiz
•
Other
•
University
•
Practice Problem
•
Hard
Enhle Langa
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6 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the performance required of the insured in return for which the insurer undertakes its obligations under the insurance contract?
Evaluate responses using AI:
OFF
2.
OPEN ENDED QUESTION
3 mins • 1 pt
In what circumstances must the premium be refunded if the contract is void?
Evaluate responses using AI:
OFF
3.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the appropriate remedy if the object of the risk has already been destroyed?
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OFF
4.
OPEN ENDED QUESTION
3 mins • 1 pt
What must happen if the obligation to pay a premium does not come into operation?
Evaluate responses using AI:
OFF
5.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the entitlement of an insured who is covered for an amount in excess of the sum he can rightfully recover?
Evaluate responses using AI:
OFF
6.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the distinction between representatives of the insurer and representatives of the insured?
Evaluate responses using AI:
OFF
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